SpaceX listing to let Japanese investors join via Mizuho, Rakuten and SBI

2026-05-27

Japanese investors eligible

SpaceX IPO opens to Japanese retail investors

Japanese investors are expected to be able to apply through Mizuho Securities, Rakuten Securities and SBI Securities in the initial public offering, or IPO, of Elon Musk-led U.S. space company SpaceX. If they win the lottery, they can buy shares through regular accounts or the growth investment allowance under the Nippon Individual Savings Account, or NISA.

This was disclosed in a securities registration statement filed on the 27th. Rakuten Securities said it plans to handle the shares as a book-building, or demand indication, offering. Investors who want to buy must apply for the IPO and, if selected, can acquire shares at the pre-listing offer price. This is the first time Rakuten Securities and SBI Securities will handle a U.S. stock IPO.

Market value of $1.75 trillion

On the 20th, SpaceX outlined plans to list on Nasdaq in a prospectus. It is aiming for a market capitalization of $1.75 trillion, or about 280 trillion yen, and if realized, it would likely become the largest IPO in history.

The number of underwriters has risen to 23, including Mizuho Securities USA. Mizuho, Rakuten and SBI will sell the shares to Japanese clients under mandate from Mizuho Securities USA.

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